Mainstream Capital Management LLC Buys Shares of 3,876 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Mainstream Capital Management LLC purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, Holdings Channel reports. The fund purchased 3,876 shares of the company’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in GBTC. Proficio Capital Partners LLC lifted its position in Grayscale Bitcoin Trust by 4,462.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after buying an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $19,360,000. Citrine Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $7,721,000. Variant Private Wealth LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $7,113,000. Finally, Larson Financial Group LLC grew its holdings in shares of Grayscale Bitcoin Trust by 204.3% during the 3rd quarter. Larson Financial Group LLC now owns 102,433 shares of the company’s stock valued at $5,173,000 after purchasing an additional 68,768 shares during the last quarter.

Grayscale Bitcoin Trust Stock Up 2.1 %

Grayscale Bitcoin Trust stock opened at $68.03 on Tuesday. The firm has a fifty day simple moving average of $76.86 and a two-hundred day simple moving average of $65.49. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11. The company has a market capitalization of $17.20 billion, a PE ratio of 2.23 and a beta of 2.51.

Grayscale Bitcoin Trust Company Profile

The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC was launched on Jan 11, 2024 and is issued by Grayscale.